NEWEST FAC-C PROFESSIONAL TEST BANK
2026 COMPREHENSIVE FAR & CONTRACT
LIFECYCLE PREP (CON 1100-1400)
This comprehensive test bank delivers realistic, scenario-based practice
questions meticulously updated for the newest Federal Acquisition
Certification in Contracting (FAC-C) Professional Exam framework. Each
high-yield multiple-choice question features an italicized answer and an in-
depth, bolded rationale designed to reinforce core principles across the
entire contract lifecycle (CON 1100–CON 1400). It serves as the ultimate
study companion for acquisition professionals seeking to master the
Federal Acquisition Regulation (FAR) and secure an A+ grade on their
certification.
1. Which part of the Federal Acquisition Regulation
(FAR) prescribes policies and procedures for
acquisition planning?
A. FAR Part 5
B. FAR Part 7
C. FAR Part 10
D. FAR Part 12
Answer: B
Rationale: FAR Part 7, Acquisition Planning,
establishes the requirements for developing
acquisition plans to ensure the government
meets its needs in the most effective,
economical, and timely manner.
2. What is the preferred method of describing
agency requirements to encourage full and open
, competition?
A. Brand name or equal descriptions
B. Performance-based work statements
C. Detailed design specifications
D. Proprietary government specifications
Answer: B
Rationale: FAR Part 11 encourages agencies
to use performance-based requirements to
the maximum extent practicable because
they describe the work in terms of outcomes
rather than how the work is to be performed.
3. Under FAR Part 10, market research must be
conducted by agencies at what minimum
frequency or milestone?
A. Only for acquisitions exceeding the Simplified
Acquisition Threshold (SAT)
B. Before developing new requirements and
before soliciting offers for acquisitions over the
SAT
C. Bi-annually for all recurring contract vehicles
D. Only when a new vendor expresses interest
in a requirement
Answer: B
Rationale: FAR 10.001 requires market
research before developing new
, requirements and before soliciting offers for
acquisitions with a total value over the
Simplified Acquisition Threshold.
4. A Determinations and Findings (D&F) is best
described as a written approval by an authorized
official that is required by statute or regulation as
a prerequisite to taking certain contract actions.
What are its two core components?
A. Rationale and Pricing
B. Facts and Conclusions
C. Findings and Determination
D. Market Data and Risk Assessment
Answer: C
Rationale: A D&F is a special form of written
approval. The "Findings" are statements of
fact or rationale, and the "Determination" is a
conclusion based on those findings.
5. Which of the following contract types places
maximum risk and full responsibility for all costs
and resulting profit or loss upon the contractor?
A. Cost-Plus-Fixed-Fee
B. Firm-Fixed-Price
C. Time-and-Materials
D. Fixed-Price-Incentive
Answer: B
, Rationale: A Firm-Fixed-Price (FFP) contract
provides for a price that is not subject to any
adjustment on the basis of the contractor's
cost experience, placing maximum risk on
the vendor.
6. When a Contracting Officer issues a solicitation
for commercial products or commercial services,
which FAR part provides the specific,
streamlined procedures that must be utilized?
A. FAR Part 12
B. FAR Part 13
C. FAR Part 14
D. FAR Part 15
Answer: A
Rationale: FAR Part 12 outlines the policies
and procedures unique to the acquisition of
commercial products and commercial
services, establishing streamlined rules that
mimic the commercial marketplace.
7. What is the standard dollar threshold above
which a Contracting Officer must publicize a
proposed contract action in the Government-
wide Point of Entry (GPE), known as SAM.gov?
A. Over $10,000
B. Over $15,000
2026 COMPREHENSIVE FAR & CONTRACT
LIFECYCLE PREP (CON 1100-1400)
This comprehensive test bank delivers realistic, scenario-based practice
questions meticulously updated for the newest Federal Acquisition
Certification in Contracting (FAC-C) Professional Exam framework. Each
high-yield multiple-choice question features an italicized answer and an in-
depth, bolded rationale designed to reinforce core principles across the
entire contract lifecycle (CON 1100–CON 1400). It serves as the ultimate
study companion for acquisition professionals seeking to master the
Federal Acquisition Regulation (FAR) and secure an A+ grade on their
certification.
1. Which part of the Federal Acquisition Regulation
(FAR) prescribes policies and procedures for
acquisition planning?
A. FAR Part 5
B. FAR Part 7
C. FAR Part 10
D. FAR Part 12
Answer: B
Rationale: FAR Part 7, Acquisition Planning,
establishes the requirements for developing
acquisition plans to ensure the government
meets its needs in the most effective,
economical, and timely manner.
2. What is the preferred method of describing
agency requirements to encourage full and open
, competition?
A. Brand name or equal descriptions
B. Performance-based work statements
C. Detailed design specifications
D. Proprietary government specifications
Answer: B
Rationale: FAR Part 11 encourages agencies
to use performance-based requirements to
the maximum extent practicable because
they describe the work in terms of outcomes
rather than how the work is to be performed.
3. Under FAR Part 10, market research must be
conducted by agencies at what minimum
frequency or milestone?
A. Only for acquisitions exceeding the Simplified
Acquisition Threshold (SAT)
B. Before developing new requirements and
before soliciting offers for acquisitions over the
SAT
C. Bi-annually for all recurring contract vehicles
D. Only when a new vendor expresses interest
in a requirement
Answer: B
Rationale: FAR 10.001 requires market
research before developing new
, requirements and before soliciting offers for
acquisitions with a total value over the
Simplified Acquisition Threshold.
4. A Determinations and Findings (D&F) is best
described as a written approval by an authorized
official that is required by statute or regulation as
a prerequisite to taking certain contract actions.
What are its two core components?
A. Rationale and Pricing
B. Facts and Conclusions
C. Findings and Determination
D. Market Data and Risk Assessment
Answer: C
Rationale: A D&F is a special form of written
approval. The "Findings" are statements of
fact or rationale, and the "Determination" is a
conclusion based on those findings.
5. Which of the following contract types places
maximum risk and full responsibility for all costs
and resulting profit or loss upon the contractor?
A. Cost-Plus-Fixed-Fee
B. Firm-Fixed-Price
C. Time-and-Materials
D. Fixed-Price-Incentive
Answer: B
, Rationale: A Firm-Fixed-Price (FFP) contract
provides for a price that is not subject to any
adjustment on the basis of the contractor's
cost experience, placing maximum risk on
the vendor.
6. When a Contracting Officer issues a solicitation
for commercial products or commercial services,
which FAR part provides the specific,
streamlined procedures that must be utilized?
A. FAR Part 12
B. FAR Part 13
C. FAR Part 14
D. FAR Part 15
Answer: A
Rationale: FAR Part 12 outlines the policies
and procedures unique to the acquisition of
commercial products and commercial
services, establishing streamlined rules that
mimic the commercial marketplace.
7. What is the standard dollar threshold above
which a Contracting Officer must publicize a
proposed contract action in the Government-
wide Point of Entry (GPE), known as SAM.gov?
A. Over $10,000
B. Over $15,000
